XLYP.L vs. WCOD.L

Last updated Jun 5, 2026

XLYP.L (Invesco US Consumer Discretionary Sector UCITS ETF) and WCOD.L (SPDR MSCI World Consumer Discretionary UCITS ETF) are both Consumer Discretionary Equities funds tracking the Cat 50%MSCI Wld/CD NR&50%MSCI Wld/CS NR, from Invesco and State Street respectively. Both are passively managed. Over the past 10 years, XLYP.L returned 13.68%/yr vs 11.92%/yr for WCOD.L. A 0.56 correlation means they provide meaningful diversification when combined. XLYP.L charges 0.14%/yr vs 0.30%/yr for WCOD.L.

Performance

XLYP.L vs. WCOD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Invesco US Consumer Discretionary Sector UCITS ETF (XLYP.L) and SPDR MSCI World Consumer Discretionary UCITS ETF (WCOD.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XLYP.L is traded in GBp, while WCOD.L is traded in USD. To make them comparable, the WCOD.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, XLYP.L achieves a -2.69% return, which is significantly lower than WCOD.L's -2.15% return. Over the past 10 years, XLYP.L has outperformed WCOD.L with an annualized return of 13.68%, while WCOD.L has yielded a comparatively lower 11.92% annualized return.

XLYP.L

• 1D: 0.33%
• 1M: 0.28%
• YTD: -2.69%
• 6M: -1.86%
• 1Y: 10.71%
• 3Y*: 12.55%
• 5Y*: 9.67%
• 10Y*: 13.68%

WCOD.L

• 1D: 0.80%
• 1M: 0.50%
• YTD: -2.15%
• 6M: -1.99%
• 1Y: 9.28%
• 3Y*: 9.99%
• 5Y*: 5.91%
• 10Y*: 11.92%

*Multi-year figures are annualized to reflect compound growth (CAGR)

XLYP.L vs. WCOD.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XLYP.L Invesco US Consumer Discretionary Sector UCITS ETF	-2.69%	0.23%	30.67%	32.31%	-26.14%	30.65%	22.15%	24.16%	6.23%	11.28%
WCOD.L SPDR MSCI World Consumer Discretionary UCITS ETF	-2.18%	0.74%	23.28%	28.97%	-26.19%	19.17%	30.74%	23.60%	-0.55%	11.89%

Correlation

The correlation between XLYP.L and WCOD.L is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (5Y) Calculated over the trailing 5-year period	0.66
Correlation (10Y) Calculated over the trailing 10-year period	0.56
Correlation (All Time) Calculated using the full available price history since May 19, 2016	0.56

Over the past year, XLYP.L and WCOD.L have become more correlated (0.91) than their long-term average of 0.56, meaning their price movements have been converging.

XLYP.L vs. WCOD.L - Sectors Allocation Comparison

Sectors	XLYP.L	WCOD.L
Consumer Cyclical	98.8%	96.3%
Technology	1.0%	2.9%
Industrials	0.2%	0.1%
Basic Materials	-	-
Communication Services	-	0.1%
Consumer Defensive	-	0.6%
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

XLYP.L vs. WCOD.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XLYP.L

XLYP.L Risk / Return Rank: 20
XLYP.L Sharpe Ratio Rank: 21
XLYP.L Sortino Ratio Rank: 21
XLYP.L Omega Ratio Rank: 20
XLYP.L Calmar Ratio Rank: 20
XLYP.L Martin Ratio Rank: 20

WCOD.L

WCOD.L Risk / Return Rank: 16
WCOD.L Sharpe Ratio Rank: 16
WCOD.L Sortino Ratio Rank: 17
WCOD.L Omega Ratio Rank: 16
WCOD.L Calmar Ratio Rank: 15
WCOD.L Martin Ratio Rank: 16

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XLYP.L vs. WCOD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco US Consumer Discretionary Sector UCITS ETF (XLYP.L) and SPDR MSCI World Consumer Discretionary UCITS ETF (WCOD.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	XLYP.L	WCOD.L	Difference
Sharpe ratio: Return per unit of total volatility	0.68	0.54	+0.14
Sortino ratio: Return per unit of downside risk	1.06	0.87	+0.19
Omega ratio: Gain probability vs. loss probability	1.12	1.11	+0.02
Calmar ratio: Return relative to maximum drawdown	0.84	0.61	+0.23
Martin ratio: Return relative to average drawdown	2.32	1.65	+0.67
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XLYP.L vs. WCOD.L - Sharpe Ratio Comparison

The current XLYP.L Sharpe Ratio is 0.68, which is comparable to the WCOD.L Sharpe Ratio of 0.54. The chart below compares the historical Sharpe Ratios of XLYP.L and WCOD.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XLYP.L	WCOD.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.68	0.54	+0.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.47	0.36	+0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.69	0.89	-0.20
Sharpe Ratio (All Time) Calculated using the full available price history	0.75	0.91	-0.16

Drawdowns

XLYP.L vs. WCOD.L - Drawdown Comparison

The maximum XLYP.L drawdown since its inception was -30.40%, roughly equal to the maximum WCOD.L drawdown of -30.32%. Use the drawdown chart below to compare losses from any high point for XLYP.L and WCOD.L.

Drawdown Indicators

	XLYP.L	WCOD.L	Difference
Max Drawdown Largest peak-to-trough decline	-30.40%	-30.32%	-0.08%
Max Drawdown (1Y) Largest decline over 1 year	-12.73%	-15.22%	+2.49%
Max Drawdown (3Y) Largest decline over 3 years	-26.52%	-25.62%	-0.90%
Max Drawdown (5Y) Largest decline over 5 years	-30.40%	-30.32%	-0.08%
Max Drawdown (10Y) Largest decline over 10 years	-30.40%	-30.32%	-0.08%
Current Drawdown Current decline from peak	-6.66%	-7.15%	+0.49%
Average Drawdown Average peak-to-trough decline	-6.54%	-7.70%	+1.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.60%	5.61%	-1.01%

Volatility

XLYP.L vs. WCOD.L - Volatility Comparison

The current volatility for Invesco US Consumer Discretionary Sector UCITS ETF (XLYP.L) is 5.00%, while SPDR MSCI World Consumer Discretionary UCITS ETF (WCOD.L) has a volatility of 5.73%. This indicates that XLYP.L experiences smaller price fluctuations and is considered to be less risky than WCOD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XLYP.L	WCOD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.00%	5.73%	-0.73%
Volatility (6M) Calculated over the trailing 6-month period	11.81%	13.59%	-1.78%
Volatility (1Y) Calculated over the trailing 1-year period	15.81%	17.17%	-1.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.40%	22.41%	-2.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.86%	23.71%	-3.85%

XLYP.L vs. WCOD.L - Expense Ratio Comparison

XLYP.L has a 0.14% expense ratio, which is lower than WCOD.L's 0.30% expense ratio.

Dividends

XLYP.L vs. WCOD.L - Dividend Comparison

Neither XLYP.L nor WCOD.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XLYP.L and WCOD.L in my portfolio?

With a correlation of 0.91, XLYP.L and WCOD.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, XLYP.L or WCOD.L?

On fees, XLYP.L is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XLYP.L or WCOD.L?

XLYP.L is cheaper with a 0.14% expense ratio, compared with 0.30% for WCOD.L.

What is the main difference between XLYP.L and WCOD.L?

Both ETFs track Cat 50%MSCI Wld/CD NR&50%MSCI Wld/CS NR. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.14% for XLYP.L and 0.30% for WCOD.L.